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ALTIUS MINS: RECORD Q1 19 ROYALTY REVENUE LIFTS FY19 GUIDANCE

St Johns, Apr 18

Canadian royalties/streamer Altius Minerals has posted record royalty revenue for the Mar 2019 qtr (Q1 19) of $C21.5M, up 22% on Q4 18 and lifted 2019 year (FY/CY19) expectations to $77M-$81M from $67M-$72M.The revision/record is largely based on improved potash, base metal and iron ore prices, along with increased ownership of Labrador Iron Ore Royalty Corp, which declared a $1.05ps div after 3 prior qtrs of constrained div payments.The Q1 19 commodity revenue winners for Altius were potash up to $4.8M from Q4 18’s $3.73M, iron ore doubled to $4.2M, thermal coal to $3.2M from $3M and metallurgical coal to $1.2M from $859,000, with base metals royalties slipping to $7.3M from $7.4M, and other royalties/interest up to $679,000 from $439,000. Full results expected May 7, 2019.